[102 Pages Report] Microcrystalline Cellulose MCC Market was valued at USD 831.1 million in 2017 and is projected to reach USD 1,241.4 million by 2023, at a CAGR of 7.0% during the forecast period. The demand for MCC is expected to increase significantly during the forecast period owing to its widespread usage in various applications, such as food & beverage, pharmaceutical, and cosmetics & personal care, among others. In this study, the years considered to estimate the market size for MCC are listed below:

Base Year  2017

Estimated Year  2018

Projected Year  2023

Forecast Period  20182023

2017 is considered as the base year for company profiles. Where information was not available for the base year, the previous year was considered.

Objectives of the Study:

To analyze and forecast the size of the MCC market, in terms of value and volume

To provide detailed information regarding key factors, such as drivers, restraints, opportunities, and challenges, influencing the growth of the MCC market

To define, describe, and forecast the MCC market based on application, source type, and region

To analyze and forecast the size of the MCC market in North America, Europe, Asia Pacific (APAC), and RoW

To strategically profile key players operating in the MCC market and analyze their core competencies

To analyze market opportunities and the competitive landscape for stakeholders and market leaders

To analyze competitive developments, such as partnerships, expansions, acquisitions, and new product developments undertaken by key market players

Various secondary sources, such as Factiva, Hoovers, and Manta have been used to gain insights into the MCC market. Experts from leading companies manufacturing MCC have been interviewed to verify and collect critical information and assess the trends in the MCC market during the forecast period. The top-down, bottom-up, and data triangulation approaches have been implemented to calculate the exact values of the overall parent and each individual market sizes.

Target Audience

This study answers several questions for stakeholders, primarily which market segments they need to focus on in the next 25 years to prioritize their efforts and investments.

Scope of the Report:

This research report categorizes the MCC market based on source type, application, and region. It forecasts revenue growth and analyzes trends in each of these submarkets.

MCC Market, By Application:

Pharmaceutical

Food & Beverage

Cosmetics & Personal Care

Others

MCC Market, By Source Type:

Wood-based

Non-wood-based

MCC Market, By Region

Asia Pacific (APAC)

North America

Europe

Rest of The World (RoW)

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the specific needs of companies. The following customization options are available for the report:

Product Analysis

Product matrix, which offers a detailed comparison of the product portfolio of each company

Regional Analysis

Further breakdown of the APAC MCC market

Further breakdown of the North America MCC market

Further breakdown of the Europe MCC market

Further breakdown of the RoW MCC market

Company Information

Detailed analysis and profiles of additional ten market players

The microcrystalline cellulose (MCC) market size was estimated at USD 885.1 million in 2018 and is projected to reach USD 1,241.4 million by 2023, registering a CAGR of 7.0% from 2018 to 2023. The growth of the MCC market is primarily triggered by the increasing demand for processed food and growing production of pharmaceutical and cosmetic & personal care products.

The MCC market has been segmented based on application, source type, and region. On the basis of application, the MCC market has been classified into food & beverage, pharmaceutical, cosmetics & personal care, and others. Pharmaceutical is one of the major applications of MCC and is estimated to dominate the overall MCC market in 2018. MCC is increasingly being used in quick release tablets & liquid dosage forms, sustained-release multiparticulates & matrix tablets dosage forms, topical formulations, and chewable & effervescent tablets.

On the basis of source type, the MCC market has been classified into wood-based and non-wood-based. The wood-based type segment is estimated to dominate the overall MCC market, in terms of value both and volume, in 2018. The chemical properties of MCC produced from different wood sources vary because of the difference in the composition of alpha-cellulose in different kinds of wood available. Commercially available MCC is primarily produced from wood-based sources.

Europe is estimated to be the largest market for MCC in 2018 in terms of value. The overall market growth of the European region is primarily driven by increasing investments in drug development and the continuous efforts of pharmaceutical companies to offer superior-quality products. In addition, economic recovery and the increase in employment rate are the growth factors for the processed food industry in the region, which, in turn, supports the growth of the MCC market in the food & beverage application.

Availability of substitutes for specific food & beverage and pharmaceutical applications is the major restraints for the market.

The MCC market is highly competitive due to the presence of several players with a strong foothold in the market, and some smaller domestic players. DowDuPont (US), Asahi Kasei Chemicals Corporation (Japan), Rayonier Advanced Materials (US), Roquette (France), and DFE Pharma GmbH & Co.KG (Germany) are the key players operating in the MCC market. These key players offer a wide range of MCC products to strengthen their competitive positions and to cater to the growing demand from various applications

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